Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-30
COMMERCIAL RESUME.

Special to the Gazette.
NEW YORK, March 29.-Railway bonds
to-day sold as follows: Fort Worth and
Denver City at 93g; Texas and Pacific
incomes al So; Texas and New Orleans
at 1924; Houston and Texas Central at
728; Missouri, Kansas and Texas IS at
873; do, SIS at 1913; Kansas and Texas
SIS 81 IOI.
Money st 5a7 per cent.
Governments firm.
Foreign exchange weaker.
Wheat lower.
Gil closed at G3!.
Cotton advanced I ) to 20 points.
Coffee steady at 10 points higher.
THE COTTON MARKETS.
Special to the Gazette.
GALVESTON, Ten, March 29-Tiis
proved another active day for cotton, all
the markets exhibiting renewed strength.
LIVERPOOL futures advanced I TO points.
New York futures opened ) points above
Yesterdays closing. June sold at 10 50,
from which point a gradual reaction set
in, June touching 10 90, closing at 10 SO
which is points better than
yesterdays close. New Orleans
opened with al advance
equal to New York, which was better suS-
tanned, as the close for the DAY shows
gain of 10 TO II points for active months,
which is a net gain Of points over the
New York market. The spot markets
universally ruled firm and steady, with
several important advances as follows:
Philadelphia and Wilmington, 1 higher;
NJ bile, Charleston, Norfolk, Bos-
ton, Augusta and St. Louis /,
and New Orleans Is higher. Phil6del-
phia and Augusta are consuming markets
which gives SPECIAL significance to the ad-
vance. Midding cotton is quoted in
Philadelphia at l04c, at New York at l05c,
at New Orleans at 10 l-lGc, at Galveston
at IOc. The undertOae of the market
seems to grow stronger with each adj
vance.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, March 29.-FOr the first
time in many weeks the money market
became factor in the course Of prices,
and Notwithstanding the fact that the
entire street is talking in favor of higher
figures, as long as money held up the
stock market had g ssggiug tendency.
The rates for stocks were IL process Of
adjustment to those for money, and this
was an induCement TO many operators TO
take the profits shown in operations of
the past four days. Il is also believed
that the policy of the leaders is to pre-
vent q material advance until the
April settlement. The markets showed
some degree Of strength in the early
dealings, ana London was liberal buyer
at times in the DAY, bnt The steady pres
sure of stocks for sale slowly forced
prices down until late in the day, when
the easing of of rates for money Some.
what encouraged buying, and the squirt id.
New England and Wabash gave more
character to the dealings. New England
was affected first, by the declaration of q
dividend and, secondly, by rumOr5 Of &
new deal by which the company will be
the gamer. The only new thing IN Wa
bash was the announcement that the pug
chasing committee was ready to redeem
the investors certificates. The movement
also spread to other Gould stocks. Union
Pacific was the special features of the
forenoon, trading being extremely active
and strong upon the Presidents report.
The remainder of the list was without
special feature of Importance. The open
ing was active and strong, the advances
over last evenings final quotations rang
ing from TO ! per cent. Union Pacific
and Fort Worth and Denver were
active and strong, but the general
list soon developed declining tendency
This heaviness became more pronounced
toward noon, although the losses were
measured by fractional declines only.
Later the market became decidedly dull
and devoid OF features, but after p. m.
q movement in New England began and
the market responded slowly. In the
last hour there was considerable more
business, and prices were brought to
the neigbbOrhood OF the opening figures,
the closing being moderately active and
firm to strong. The changes for the
day are for the most part for insignificant
fractions only, and advances are Slightly
in the majority. The only important
change is New York and New England,
which gained Il.
Railroad bonds we're moderately active
and prices in ma ority of the list were
firm to strong. While there was no
specially strong movement, the final
prices generally show advance.
Government bonds steady to firm.
State bonds dull and steady.